HAMBURG HOUSING MARKET INFORMATION With a population of 9,744, 3,953 total housing units (homes and apartments), and a median house value of $331,010, Hamburg real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Hamburg, accounting for 77.81% of the village's housing units. Other types of housing that are prevalent in Hamburg include duplexes, homes converted to apartments or other small apartment buildings ( 14.60%), large apartment complexes or high rise apartments ( 6.53%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hamburg. Owner-occupied housing accounts for 80.02% of Hamburg's homes, and 70.96% have either three or four bedrooms, which is average sized relative to America. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hamburg's housing was primarily built during this period, from the '40s through the '60s. A full 38.98% of the village's housing hails from this era. Other housing ages represented in Hamburg include homes built before 1939 ( 30.41%) and housing constructed between 1970-1999 ( 20.84%). There's also some housing in Hamburg built between 2000 and later ( 9.76%). HAMBURG HOME APPRECIATION RATES Appreciation rates for homes in Hamburg have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 99.00%, which ranks in the top 50% nationwide. This equates to an annual average Hamburg house appreciation rate of 7.12%. 蘑菇视频's data show that during the latest twelve months, Hamburg's appreciation rate, at 8.25%, has been at or slightly above the national average. In the latest quarter, Hamburg's appreciation rate has been 2.65%, which annualizes to a rate of 11.03%. Importantly, this makes Hamburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength. Relative to New York, our data show that Hamburg's latest annual appreciation rate is lower than 80% of the other cities and towns in New York. One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Hamburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Hamburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hamburg real estate investment or home purchase decisions.